Investigation Overview
April 20, 2016 (Shareholders Foundation) - An investigation on behalf of investors of MITSUBISHI MOTOR C NPV (OTCMKTS:MMTOF) shares over potential securities laws violations by Mitsubishi Motors Corporation and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of MITSUBISHI MOTOR C NPV (OTCMKTS:MMTOF) concerning whether a series of statements by Mitsubishi Motors Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 20, 2016, Mitsubishi Motors Corporation announced improper conduct in fuel consumption testing on products manufactured by Mitsubishi Motors Corporation. Mitsubishi Motors Corporation admitted to manipulating test data to overstate the fuel economy of 625,000 cars sold in Japan.
Shares of MITSUBISHI MOTOR C NPV (OTCMKTS:MMTOF0 declined on April 20, 2016 to as low as $6.54 per share.